The European Commission delays a decision on pursuing legal action again the German government and Volkswagen AG over shareholder laws that enable the government of the German state of Lower Saxony to override any potential takeover of the auto maker. Lower Saxony holds special “golden shares” in VW, which include a provision that gives it unilateral control to oppose any potential bids to acquire VW. The Commission contends the special share rules violate the European Union’s freedom of ...
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